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description: >-
  Synthetix price is $1.66, a change of -7.24% over the past 24 hours as of 3:12
  p.m. The recent price action in Synthetix left the tokens market
  capitalization at $543.17M. So far this year ...
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# Synthetix | Synthetix Docs Collection

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**Synthetix** is a decentralized liquidity provisioning protocol built on Ethereum and Optimistic Ethereum (a layer two scaling solution built on Ethereum). Synthetic assets, and associated
